Cable

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Cable

Exchange rate between British pound sterling and the U.S. dollar.

Cable

1. Informal; the exchange rate between the British pound and the U.S. dollar. This term is used by currency traders, and it originates from the transatlantic cables used to wire the exchange rate between the two currencies in the 19th century.

2. Informal for the GBP.
References in periodicals archive ?
The competition, in which the first prize is a luxury cruise to the Mediterranean worth S$30,000 (about US$17,600) and S$20,000 cash, was only opened to contestants from the five countries besides Singapore because the cable-car trips are most popular with tourists from these countries.
Not everyone's happy about the cable-car idea, of course, least of all the bus drivers, who stand to lose business.
DRAMA: Cable-car passengers are ferried to safety AP PHOTO/DANIEL P.
Cable way attract at least 300 000 cable-car visitors a year (820 a day).